In an exchange filing today, November 21, Axis Bank, the nation's fourth-largest private sector lender, told investors that it intends to raise ₹5,000 crore by issuing fully paid, senior, rated, listed, unsecured, taxable, redeemable, long-term non-convertible debentures under Series-9 on a private placement basis.
This is a component of the ₹35,000 crore debt securities fundraising that was previously disclosed. According to the bank, the issuance will total ₹5,000 crore on a private placement basis, with a base of ₹2,000 crore and a green shoe option to keep oversubscription of ₹3,000 crore.
The bank's Board of Directors authorized the issuance of debt instruments on a private placement basis in July to raise up to ₹35,000 crore.

Performance for the September Quarter at Axis Bank
It claimed improvements in asset quality, better-than-expected net interest margins, and an uptick in loan and deposit growth, even though the net profit was significantly lower than analysts' consensus projections due to elevated provisioning.
Following Axis Bank's September quarter results, brokerages were generally optimistic, emphasizing the lender's consistent operational performance, robust loan growth, improving asset quality, and balance sheet expansion while dismissing the one-time provisioning hit as transient.
Following an RBI advise following its FY25 annual inspection, Axis Bank reported a 26% YoY decline in its net profit at ₹5,090 crore due to an additional one-time standard asset provision of ₹1,231 crore for two discontinued crop loan types.The bank's net interest income (NII), which is the difference between interest given to depositors and interest received from lending activities, was ₹13,745 crore, up 2% from the previous year.
This was more than the 3% YoY drop that analysts had predicted, and the bank's net interest margin (NIM) was also greater than anticipated. arriving at 3.73%. With net NPAs at 0.44% and gross NPAs at 1.46%, its asset quality has improved.
Trends in the Share Price of Axis Bank
With a 22.43% increase to ₹1,275 per share since August's lows, the bank's shares are on course to continue their winning streak for a third straight month.